How To Buy Property Under A Company In Malaysia
Company/corporation buyers drive a significant effect in the impact of their investment spread to the real property sectors.
You may have heard that a company can own and buy properties in Malaysia. But how do you purchase properties under a company in Malaysia?
To put it simply, it is highly advisable to engage a property and conveyancing lawyer in Malaysia to assist you and your company in such transaction. This is because purchasing a property under a company in Malaysia is different from purchasing a property under an individual or personal capacity and it involves a complex procedures. That is why hiring an experienced conveyancing lawyer is important.
In this article, we will solely focus on what are the checklist or documents that you need to prepare to your property and conveyancing lawyer in Malaysia if you wish to invest in the property market under a company incorporated in Malaysia.
This is a list of documents required when Private Limited Company (Syarikat Sendirian Berhad) keen to buy/purchase real properties in Malaysia.
- All the Directors and Members’ identification cards’ copies;
- Company’s Memorandum & Article of Association OR Written confirming duly signed by a Director confirming that the Company does not have a Constitution;
- Certified true copies of the Form 9 (Certificate of Incorporation) OR Companies Act 2016- Section 14 & 15;
- Certified true copies of the Form 24 (Complete Return of Allotment of Shares Form) / Annual Return OR Companies Act 2016-Section 78;
- Certified true copies of the Form 44 (Notification of Change in the Registered Address Form) OR Companies Act 2016-Section 46;
- Certified true copies of the Form 49 (Notification of Change in the Register of Directors, Managers and Secretaries Form) OR Companies Act 2016-Section 58 & 236(2);
- Certified true copies of the Directros’ and Members’ Resolution authorising the acquisition of the Property by the Company;
- SSM search on the Company.
Under the Companies Act 2019, the requirement of common seal has become optional and a company may opt not to have a common seal. However, when it is required by other written laws to have a common seal affixed on the agreement/document, the company should adopt a common seal, such as when dealing with the document or form required by the relevant land office.
Get free quotation (for legal fees and stamp duty applicable) by filling in the form below and our property and conveyancing lawyers will send you the quotation in less than 2 working hours via WhatsApp/SMS if you wish to purchase a property under a company in Malaysia.